While no overall rankings released this year, the 2018 Startup Genome report has identified Australia cities as ecosystems to watch.
More investment was poured into New Zealand startups than ever before in 2017, with NZ$86 million ($81.7 million) invested into 111 companies.
Only 50 percent of Australian SMBs have a website, while 48 percent of consumers stated they will stop considering a business if it doesn’t have a website.
Almost half the leaders surveyed believe these deployments are “greatly outpacing” the accuracy and productivity of humans doing the same task, with 69 percent in turn stating their workers are concerned AI will replace them.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.
Monica Wulff is the cofounder and CEO of Startup Muster, the largest annual survey of the Australian startup ecosystem, conducted to showcase the opportunities, progress, and challenges.
InsurTech has been pinned as a growing industry thanks to claim and drone startups, although it is faced with fundamental challenges, according to a report.
The ABC has announced the release of ABC Listen, a new app centred around providing listeners an easier way to access radio shows and podcasting content.
Sydney’s ICC launched a VR experience that will allow businesses, travellers, and event organisers to virtually scout out the venue through an app.
ToolMates Hire is the latest platform to make a splash in the P2P lending market, allowing users to do exactly what its name suggests – lend and hire tools.
The report, Mapping Victoria’s Ecosystem, is a result of a survey produced by LaunchVic in collaboration with Startup Victoria and dandolopartners, which polled over 1600 companies across the state.
Catapult Sports has announced the acquisition of SportsMed Elite and Baseline, two digital sportstech products from SMG Technologies, for $3.9 million.
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
Australia’s gaming industry grew at a 9.6 percent CAGR between 2013 and 2016 as it expanded into other sectors, according to a joint report.
A Federal Government committee has warned that there must be more investment in quality STEM education if Australia is to turn back the “decay curve” of STEM-capable students and grow its “nascent but promising” innovation ecosystem.